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In broader terms, the Department of Education holds online universities to the same standards as well. I have known people who thrive in the online environment because of its flexibility, and others who need the discipline of having to be at a certain place at a certain time.
So, if your interest is in moving forward with your education, consider the online bachelor’s in nursing.
So, if motivation is temporary, and temporary success sucks, then what’s the answer to long term success? Slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising.
Financial runway is a measure of how many months can you go without earning any additional income before you run out of money. Let’s say that your business disappeared or you lost your job tomorrow and you have twelve months of expenses set aside.
If you would like to know how much financial runway you have, I’ve setup a JavaScript calculator that you can use to calculate your runway below the video. Since nurses who are considering RN to BSN programs already have their nursing licenses, they do not have to be concerned with the type of clinical learning that takes place in entry-level nursing programs. Every classroom has forums or discussion boards that the students log into regularly to discuss and reflect on issues related to the course content.
Prospective students can be assured of this, particularly in programs that are accredited by the National League of Nursing Accrediting Commission (NLNAC) or the Commission on Collegiate Nursing Education (CCNE). The traditional ratio of class-to-homework time, for example, applies just as much to online universities as it does to brick and mortars. I will say that, in my opinion, online learning requires a different level of discipline than classroom education, particularly if the learning is completely asynchronous.


I do think, though, that online programs offer a degree of flexibility that traditional programs may not have. The asynchronous format is a great option for those with hectic shifts at all times of the night. You have a set salary or hourly rate and earn approximately the same amount of money each month.
Your income is irregular by nature and it can be very difficult to project how much income you’re going to earn in the next several months. That means that you have one year to grow your business to the point where it generates enough income to provide for your monthly expenses before you run out of money. The calculator assumes that you’re earning some amount of interest on your savings and investments and assumes that your expenses will increase by 3% per year because of inflation.
A bachelor’s degree can also help open up opportunities for career transition from the bedside in the hospital setting to clinical management, unit-based education and community health. In the program at American Public University, students use their existing workplaces for some of the classroom assignments and do a clinical project in community health. Some programs have “synchronous” classroom events, where students log into the classroom all at the same time. The standards that nursing programs must meet are the same regardless of how the course is delivered.
Students need to have a lot of self-discipline to stay on task and get their work done on time. At APUS, students have said that they do appreciate the flexibility of being able to do their classwork at hours when their classmates may be working or asleep.
You also operate under the assumption that you’re going to have the same job or a similar job indefinitely where you earn the same amount of money.


You can’t ever really know for sure if your business is going to keep generating about the same amount of money it currently is, whether or not you’re going to see a significant jump in revenue or if your income is going to tank because of some future unknown event. At the end of your one year financial runway, your business will either have taken off and sustain your monthly living expenses, or you’ll have crashed at the end of the runway and will have to go out and get a new job. Other schools such as APU have “asynchronous” discussions, in which students can log in any time during the assignment period. Some universities have hybrid programs, which are a blend of classroom and online learning.
Another issue that I have seen in students is the temptation to take too heavy a class load in the online environment, thinking that the courses will not require as much time as traditional ones.
You just don’t know when a competitor is going to eat your lunch or when your business model is simply going to stop working. Many programs, if not most, also have vibrant social communities on sites such as Facebook. For these reasons, it’s especially important for entrepreneurs to keep track of some basic financial metrics so that you know how long you can weather the storm if you suddenly have a drop in income. So, students generally do feel part of a group, even though they are not sitting in a classroom.
The metric that best identifies how financially stable you are as an entrepreneur is your financial runway.



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